VanEck "Bitcoin's fair value relative to gold at around 640,000 dollars"

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Summary

VanEck said that when converted based on gold prices, Bitcoin's fair value amounts to about 644,000 dollars.
It said that after the Bitcoin halving in 2028, Bitcoin is expected to reach half of gold's market capitalization.
It explained that, particularly among younger generations, Bitcoin is perceived as a new store of value.

As gold prices surpassed 4,000 dollars per ounce to record an all-time high, an analysis found that Bitcoin (BTC)'s 'equivalent value' to gold amounts to about 644,000 dollars.

On the 7th (local time), according to Cointelegraph, Matthew Sigel, head of VanEck digital asset research, said, "Bitcoin will reach about half of gold's market capitalization after the next halving scheduled for 2028," adding, "Converted based on current gold prices, Bitcoin's equivalent value corresponds to about 644,000 dollars."

Recently, gold futures prices exceeded 4,000 dollars per ounce to reach an all-time high. Sigel explained, "This gold rally suggests the possibility of a revaluation of Bitcoin's value," and added, "Gold and Bitcoin are both recognized as stores of value, and particularly in emerging markets, younger generations tend to prefer Bitcoin over gold."

He added, "About half of gold's value comes from its function as a 'store of value' rather than industrial demand," and "younger generations perceive Bitcoin as a new safe-haven asset amid distrust of the existing financial system."

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